Illinois Optometric Association
- Assets
- $3.0m
- Revenue
- $1.4m
- Investments
- $1.6m
- Employees
- 4
- Location
- Springfield, IL
- Founding
- 05/1943
- Data as of
- 12/2021
- EIN
- 36-2586242
Organization Overview
Illinois Optometric Association is located in Springfield, IL. The organization was established in 1943. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Illinois Optometric Association employed 4 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Illinois Optometric Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Illinois Optometric Association generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $660.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE EYE CARE/VISION CARE AND HEALTH OF THE PUBLIC AND TO PROMOTE THE ART AND SCIENCE OF THE PROFESSION OF OPTOMETRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IOA JOURNAL FOR MEMBERS - TO PROMOTE THE PROFESSION OF OPTOMETRY AND TO PROVIDE CLINICAL TECHNICAL INFORMATION OF THE HIGHEST CALIBER TO MEMBERS.
ANNUAL CONVENTION - TO BRING MEMBERS TOGETHER IN THE OPTOMETRY PROFESSION AND TO PROVIDE MEMBERS WITH THE LATEST DEVELOPMENTS IN THE PROFESSION.
CONTINUING EDUCATION - TO PROMOTE AND DIRECT POST- GRADUATE OPTOMETRIC EDUCATION AMONG THE MEMBERS OF THE ASSOCIATION BY PROVIDING THE EDUCATIONAL PROGRAMS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leigh Ann Vanausdoll Executive Director | Officer | 50 | $129,159 |
Tim Cundiff Od Chair/president | OfficerTrustee | 1 | $0 |
Sam Forzley Od Secretary | OfficerTrustee | 1 | $0 |
Chelsey Moore Od Chair-Elect | OfficerTrustee | 1 | $0 |
Matthew Jones Od Immediate Past-Chair | Trustee | 1 | $0 |
Brandon Lernor Od Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,130 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,130 |
| Total Program Service Revenue | $958,909 |
| Investment income | $74,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,716 |
| Net Rental Income | $8,995 |
| Net Gain/Loss on Asset Sales | $114,656 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,358,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,159 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,985 |
| Pension plan accruals and contributions | $16,827 |
| Other employee benefits | $20,599 |
| Payroll taxes | $22,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,985 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,727 |
| Advertising and promotion | $0 |
| Office expenses | $2,731 |
| Information technology | $2,486 |
| Royalties | $0 |
| Occupancy | $9,220 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,677 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,798 |
| Insurance | $5,254 |
| All other expenses | $56,671 |
| Total functional expenses | $660,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $956,453 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,528 |
| Net Land, buildings, and equipment | $467,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,593,563 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,029,355 |
| Accounts payable and accrued expenses | $354,477 |
| Grants payable | $0 |
| Deferred revenue | $152,578 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $507,055 |
| Net assets without donor restrictions | $2,504,298 |
| Net assets with donor restrictions | $18,002 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,029,355 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Lions Eye Research Foundation Kansas City, MO | $11,391,885 | $10,320,745 |
Beyond Vision Inc Milwaukee, WI | $23,591,708 | $9,394,034 |
National Society To Prevent Blindness Chicago, IL | $17,829,229 | $4,816,823 |
Kleb Inc Louisville, KY | $1,708,878 | $3,338,144 |
Vision Forward Association Incorporated Milwaukee, WI | $6,770,094 | $2,817,896 |
League For The Blind And Disabled Inc Fort Wayne, IN | $13,675,160 | $2,904,502 |
Center For Sight & Hearing Rockford, IL | $9,055,491 | $458,096 |
Delta Gamma Center For Children With Visual Impairments Saint Louis, MO | $8,354,019 | $2,664,417 |
St Louis Society For The Blind St Louis, MO | $19,259,060 | $3,202,136 |
Horizons For The Blind Inc Crystal Lake, IL | $4,367,983 | $2,299,343 |
Indiana Optometric Association Inc Carmel, IN | $2,332,452 | $1,838,824 |
Iowa Optometric Association West Des Moines, IA | $3,760,263 | $1,289,293 |